RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of IBP
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Installed Building Products Inc stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Nov 07, 2023 Gain 109.77% PDF

The Installed Building Products Inc stock price gained 1.31% on the last trading day (Thursday, 28th Mar 2024), rising from $255.38 to $258.73. During the last trading day the stock fluctuated 2.01% from a day low at $256.32 to a day high of $261.47. The price has risen in 7 of the last 10 days and is up by 7.93% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 82 thousand more shares were traded than the day before. In total, 255 thousand shares were bought and sold for approximately $65.92 million.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 49.08% during the next 3 months and, with a 90% probability hold a price between $368.86 and $396.04 at the end of this 3-month period.

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IBP Signals & Forecast

The Installed Building Products Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $255.35 and $233.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 24, 2024, and so far it has risen 41.45%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Installed Building Products Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $235.05 and $234.30. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Installed Building Products Inc finds support just below today's level at $235.05. If this is broken, then the next support from accumulated volume will be at $234.30 and $223.05.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.15 between high and low, or 2.01%. For the last week, the stock has had daily average volatility of 1.95%.

Our recommended stop-loss: $249.93 (-3.40%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 45 days ago.)

Trading Expectations (IBP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Installed Building Products Inc to open at $258.84, and during the day (based on 14 day Average True Range), to move between $251.82 and $265.64, which gives a possible trading interval of +/-$6.91 (+/-2.67%) up or down from last closing price. If Installed Building Products Inc takes out the full calculated possible swing range there will be an estimated 5.34% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $235.05, some $23.68 (9.15%) from the current price of $258.73, our system finds the risk reward attractive.

Is Installed Building Products Inc stock A Buy?

Installed Building Products Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.022 Strong Buy Candidate Upgraded

Predicted Opening Price for Installed Building Products Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$258.84 ( 0.0425%) $258.73

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for IBP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 263.99 2.03 %
R2 262.02 1.27 %
R1 260.81 0.80 %
Current price: 258.73
Support S1 256.87 -0.718 %
S2 255.66 -1.19 %
S3 253.69 -1.95 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 258.73
Support S1 235.05 -9.15%
S2 234.30 -9.44%
S3 223.05 -13.79%

IBP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 Mar 14, 2024 Mar 31, 2024 $1.95 0.754%
2 Nov 08, 2023 Dec 14, 2023 Dec 31, 2023 $0.330 0.181%
3 Aug 02, 2023 Sep 14, 2023 Sep 30, 2023 $0.330 0.264%
4 May 04, 2023 Jun 14, 2023 Jun 30, 2023 $0.330 0.235%
5 Feb 22, 2023 Mar 14, 2023 Mar 31, 2023 $1.23 1.08%

FAQ

What is the symbol for Installed Building Products Inc Stock and on which exchange is it traded?
The symbol for Installed Building Products Inc is IBP and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Installed Building Products Inc Stock?
Installed Building Products Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Installed Building Products Inc Stock?
Installed Building Products Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Installed Building Products Inc Stock.

What's the current price of Installed Building Products Inc Stock?
As of the end of day on the 2024-03-28, the price of an Installed Building Products Inc (IBP) share was $258.73.

What is the 52-week high and low for Installed Building Products Inc Stock?
The 52-week high for Installed Building Products Inc Stock is $261.47 and the 52-week low is $103.51.

What is the market capitalization of Installed Building Products Inc Stock?
As of the 2024-03-28, the market capitalization of Installed Building Products Inc is 7.339B.

When is the next earnings date for Installed Building Products Inc?
The upcoming earnings date for Installed Building Products Inc is May 02, 2024.
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About Installed Building Products Inc

Installed Building Products Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the continental United States. The company offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials. It is also involved in the install... IBP Profile

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